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How Often Should I Review My Estate Plan?

As a general rule, we suggest that you review your estate plan every five years, or any time there has been a substantial change in your family or financial situation.

For example, you should seek legal advice about your estate plan in the event of major life changes such as the birth of a child, divorce or remarriage, death of a spouse, or receipt of a substantial inheritance. Also, even after a trust is created, you may need to make decisions about adding assets to the trust from time to time.

You should also consider revisiting your estate plan if you are experiencing early cognitive decline, or receive a diagnosis of dementia or Alzheimers.  You may retain the legal mental capacity to make final decisions about your plan for longer than you might think.

Even if you have not experienced any of these major life changes, the laws do change from time to time, in ways that could have implications for your plan.  One example is the federal estate tax exemption.  This is scheduled to drop from over $11 million currently back to $5 million in 2026, but Congress has considered reducing the exemption earlier. 

Learn more here about when to review or update your estate plan.

Need Help Reviewing Your Estate Plan?

Contact Us
Reviewing your estate plan Massachusetts lawyer

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​Sharon MA 02067

(781) 784-2322
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  • Home
  • Estate Planning
    • Massachusetts Wills and Trusts
    • Why You Need an Estate Plan
    • Massachusetts Estate Tax
    • Inheritance Tax
    • How to Make an Estate Plan
  • Employment Law Solutions
    • Employment Law MA
    • Employment Termination
    • Sexual Harassment at Work >
      • Sexual Harassment in a Small Business
      • Sexual Harassment and Non Disclosure Agreements
      • Sexual Harassment and Remote Work
    • Wage and Hour Laws
    • Independent Contractor Law
    • Non Compete Agreements >
      • Are non competes enforceable
      • Massachusetts Non Compete Act
      • Pre 2018 Massachusetts Non Competes
    • Equal Pay Act
  • Business Law Solutions
    • Small Business Law
    • Business Contract Basics
    • Civil Suit Defense
    • Legal Issues for Start Ups
    • Trademark Basics
    • How to Incorporate
    • Sale of Business
  • Attorneys
    • Emily Smith-Lee >
      • 2018 Lawyer of the Year
    • Jenna Ordway
    • Rebecca Rogers
    • Stowell Simonton
    • Elijah Bresley
  • Reviews
  • Blog
  • Contact